All posts tagged Morning Star

Guido Fawkes has an excellent example of the hard left’s denial of realities that conflict with their beliefs. From the Daily Politics, this is Morning Star editor Ben Chacko saying that the UN Human Rights Watch report on Venezuela was one-sided.

The recent demonstrations need to be put into context. There are two contexts that can be drawn upon. The Socialist Side (with which many Socialists will disagree) is from Morning Star’s piece of 25th August The Bolivarian Revolution hangs in the balance.

They say

One of the world’s largest producers of oil, on which 95 per cent of its economy depends, the Bolivarian socialist government of Venezuela has, over the last 17 years, used its oil revenues to cut poverty by half and reduce extreme poverty to 5.4 per cent.

The government has built social housing; boosted literacy; provided free healthcare and free education from primary school to universities and introduced arts, music and cultural analysis programmes and many others targeting specific problems at the local level.

This is sentance emphasises the hard-left bias.

The mainly middle-class protesters, most without jobs and income, accused President Nicolas Maduro of dictatorship and continued with their daily demonstrations and demands for a change of government.

Folks without “jobs or income” are hardly middle-class, but might be former middle-class. They have been laid low by circumstances. Should they be blaming the Government or forces outside the Government’s control?

Government control of food supplies leads to shortages, which leads to rationing, which leads to more shortages and black market profiteering. This started in 2007 when oil prices were high, but not yet at the record high.

Inflation is rampant, potentially rising from 720% in 2016 to 1600% this year. This is one of the highest rates in the world.

The weight loss is due to food shortages. It is the poorest who suffer the most, though most of the population are in extreme poverty.

An oil-based economy needs to diversify. Venezuela has not. It needs to use high oil prices to invest in infrastructure. Instead, the Chavez regime expropriated the oil production from successful private companies and handed to Government Cronies. A graphic from Forbes illustrates the problem.

About a decade ago at the height of the oil price boom, Venezuela’s known oil reserves more than tripled, yet production fell. It now has the highest oil reserves of any country in the world.

Crime has soared, whilst people are going hungry.

Maybe a million children are missing school through hunger and lack of resources to run schools. Short-run “successes” based on expropriating the wealth of others have reversed to create a situation far worse than before Chavez came to power.

Oil prices are in real terms above the level they were from 1986 to 2003 (with the exception of a peak for the first Gulf War) and comparable to the peak reached in 1973 with the setting up of the OPEC Cartel and oil embargo.

The reality is that Socialism always fails. But there is always a hardcore always in denial, always coming up with empty excuses for failure, often blaming it on others. With the rise of Jeremy Corbyn (who receives a copy of the Morning Star daily), this hardcore has have taken over the Labour Party. The example of Venezuela indicates the long-term consequences of their attaining power.